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Duke Energy Florida to sell tools and equipment from retired Crystal River Nuclear Plant at public auction

Aug 7, 2014

Duke Energy Florida announced it will sell at auction a wide variety of new and used tools and equipment, ranging from cranes to hand tools, from its retired Crystal River Nuclear Plant north of Tampa.

The proceeds from the sale of the assets directly benefit customers by reducing future billing associated with the nuclear plant.

The company contracted with Heritage Global Partners, a professional asset valuation and auctioning services firm based in San Diego, Calif., following a formal request for proposals process to market and auction assets no longer needed at the nuclear plant due to its decommissioning.

Auction details

The public auction will include more than a million individual items and consist of a two-day preview and inspection opportunity followed by a three-day live and webcast auction Sept. 22 - 26, 2014.

Individuals or companies may view and inspect the tools and equipment Sept. 22 - 23, 2014, from 9 a.m. to 4 p.m., at the Crystal River Energy Complex located at 15760 W. Power Line St. in Crystal River, Fla. Participants are required to pre-register and submit an access form by 3 p.m. on Sept. 18, 2014.

The live auction will occur Sept. 24 - 26, 2014, starting each day at 10 a.m., and consist of a dynamic webcast. Individuals or companies may place bids in real time online or in person in the Magnolia room at the Plantation on Crystal River located at 9301 W. Fort Island Trail in Crystal River, Fla. Online or in-person registration is required for the live auction.

A leader in asset advisory and auction services, Heritage Global Partners is a subsidiary of Heritage Global, Inc. (OTCQB: HGBL, CSE: HGP), and specializes in asset brokerage, inspection and valuations; industrial equipment; real estate auctions and more. Additional information about the company is available at www.heritageglobalinc.com.

For specific questions about the auction, email David Barkoff at dbarkoff@hginc.com or call him at 650.649.0147 or 650.759.2242.

Duke Energy Florida

Duke Energy Florida owns coal-fired and natural gas generation providing about 9,000 megawatts of owned electric capacity to approximately 1.7 million customers in a 20,000-square-mile service area.

With its Florida regional headquarters located in St. Petersburg, Fla., Duke Energy is the largest electric power holding company in the United States with approximately $115 billion in total assets. Its regulated utility operations serve approximately 7.2 million electric customers located in six states in the Southeast and Midwest. Its commercial power and international energy business segments own and operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States.

Duke Energy is a Fortune 250 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at www.duke-energy.com/Florida.